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Investment Securities (Tables)

9 Months Ended

Sep. 30, 2025

Investment Securities

Schedule of investment securities


					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
(In thousands)		Cost			Gains			Losses			Value

September 30, 2025
Securities available for sale:
Agency mortgage-backed securities		$	88,418		$	486		$	5,228		$	83,676
Agency CMO			96,313			833			140			97,006
Agency notes and bonds			93,550			33			1,756			91,827
Treasury notes and bonds			5,478			—			37			5,441
Municipal obligations			155,460			837			12,620			143,677

Total securities available for sale		$	439,219		$	2,189		$	19,781		$	421,627

Securities held to maturity:
Other debt securities:
Corporate notes		$	7,000		$	—		$	1,668		$	5,332

Total securities held to maturity		$	7,000		$	—		$	1,668		$	5,332

December 31, 2024
Securities available for sale:
Agency mortgage-backed securities		$	76,295		$	—		$	8,354		$	67,941
Agency CMO			47,821			197			500			47,518
Agency notes and bonds			122,834			6			4,760			118,080
Treasury notes and bonds			21,803			—			254			21,549
Municipal obligations			150,182			171			16,198			134,155

Total securities available for sale		$	418,935		$	374		$	30,066		$	389,243

Securities held to maturity:
Other debt securities:
Corporate notes		$	7,000		$	—		$	2,409		$	4,591

Total securities held to maturity		$	7,000		$	—		$	2,409		$	4,591

Schedule of the amortized cost and fair value of debt securities by contractual maturity


		Securities Available for Sale						Securities Held to Maturity
		Amortized			Fair			Amortized			Fair
(In thousands)		Cost			Value			Cost			Value

Due in one year or less		$	78,907		$	77,724		$	—		$	—
Due after one year through five years			39,065			37,498			—			—
Due after five years through ten years			72,513			66,444			2,000			1,600
Due after ten years			64,003			59,279			5,000			3,732
			254,488			240,945			7,000			5,332
Mortgage-backed securities and CMO			184,731			180,682			—			—
		$	439,219		$	421,627		$	7,000		$	5,332

Schedule of unrealized gain (loss) on investments


		Number of					Gross
		Investment		Fair			Unrealized
(Dollars in thousands)		Positions		Value			Losses
Securities available for sale:
Continuous loss position less than twelve months:
Agency mortgage-backed securities		—		$	—		$	—
Agency CMO		—			—			—
Agency notes and bonds		—			—			—
Municipal obligations		9			3,846			71
Total less than twelve months		9			3,846			71

Continuous loss position more than twelve months:
Agency mortgage-backed securities		92			53,836			5,228
Agency CMO		21			7,195			140
Agency notes and bonds		34			88,194			1,756
Treasury notes and bonds		3			5,441			37
Municipal obligations		177			98,417			12,549
Total more than twelve months		327			253,083			19,710

Total securities available for sale		336		$	256,929		$	19,781

Securities held to maturity:
Continuous loss position more than twelve months:
Corporate notes		4		$	5,332		$	1,668
Total more than twelve months		4			5,332			1,668
Total securities held to maturity		4		$	5,332		$	1,668


		Number of					Gross
		Investment		Fair			Unrealized
(Dollars in thousands)		Positions		Value			Losses
Securities available for sale:
Continuous loss position less than twelve months:
Agency mortgage-backed securities		7		$	8,008		$	93
Agency CMO		11			19,211			215
Agency notes and bonds		7			4,830			57
Municipal obligations		39			18,880			334
Total less than twelve months		64			50,929			699

Continuous loss position more than twelve months:
Agency mortgage-backed securities		93			59,933			8,261
Agency CMO		22			7,271			285
Agency notes and bonds		45			112,046			4,703
Treasury notes and bonds		8			21,549			254
Municipal obligations		196			103,201			15,864
Total more than twelve months		364			304,000			29,367

Total securities available for sale		428		$	354,929		$	30,066

Securities held to maturity:
Continuous loss position less than twelve months:
Corporate notes		4		$	4,591		$	2,409
Total less than twelve months		4			4,591			2,409


Total securities held to maturity		4		$	4,591		$	2,409